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Nvidia
stock briefly turned positive on Thursday during premarket trading after the chipmaker reported better-than-expected earnings and revenue for the fiscal second quarter.
Shares of the artificial intelligence chip giant initially slipped following the report.
Sales surged 56% in the quarter to $46.74 billion, topping Wall Street’s projected $46.06 billion, according to LSEG. The company reported adjusted earnings per share of $1.05, which was higher than the $1.01 per share estimated by analysts.
